Oil, Gas & Mining
Drilling works on the Tigris well have started according to a statement from Gulfsands Petroleum.
Crosco Integrated Drilling & Well Services Co., Ltd. has been awarded drilling, well logging and integrated service contracts by Hayan Petroleum Company.
The Minister of Oil and Mineral Resources has announced that the Syrian Petroleum Company has discovered a new gas field in the area of Al-Braij, 100 km north of Damascus.
The consumption of diesel has risen again in the first half of this year according to preliminary statistics from Mahrukat.
The Government has decided to restructure the Oil and Gas sector by creating two bodies that will oversees separately the upstream and downstream sectors.
Ryder Scott Company, L.P., an oil consultancy firm, has submitted an economic evaluation study of the Tigris structure in Block 26 after it had submitted earlier in the year a reserves evaluation study (Read Gulfsands starts drilling works on Block 26)...
The Islamic Development Bank has accepted to part-finance the building of the third phase of the Arab Gas Pipeline that will run from the Jordanian border to the city of Homs.
The Ministry of Oil and Mineral Resources has awarded Loon Energy Inc. the right to negotiate a production sharing contract for Block N°9, a statement from the Canadian-based company said.
The General Company for Phosphate & Mines (GCPM) is planning to produce 3.475 million tonnes of phosphate this year, according to Farhan al-Mohsen, its Director-General.
The Arab Fund for Economic and Social Development (AFESD) has accepted to finance the third phase of the Arab Gas Pipeline that will run from the Syrian-Jordanian border to the city of Homs.
Petro-Canada is taking over Marathon Oil’s share over its contract to develop gas fields in the region of Palmyra according to diplomatic sources in Damascus.
Marathon Oil Company has ended a dispute with the Syrian Ministry of Oil that has been running since the early eighties and its discovery at the time of two gas fields.
Shell is the front-runner to win the E&P contracts over the two blocks it bid for in the last round, according to Sufian al-Alao, the recently-appointed Minister of Oil and Mineral Resources.
The Syrian Ministry of Oil has awarded Soyuzneftegas an E&P contract over Block 12. The Block was initially offered for development in the bidding round held in December 2003 and not in the latest round held in December 2005.
Tanganyika Oil Company Ltd is increasing its share capital by CAD 59 million (USD 53.10 million) to fund its activities in Syria “as well as for general corporate purposes”, according to a company’s press release.
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